Chartered Financial Planner Darren Antony Reynolds has been banned from being a director for 13 years for pension transfer failings which resulted in clients losing £24 from their pensions. The adviser, 51, of Willenhall, West Midlands, was the sole director of Active Wealth (UK) Limited, an independent financial adviser. A qualified Chartered Financial Planner, he advised […]
Archives for June 2021
Insider Versus Outsider: Navigating Top Data Loss Threats
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Get Back to Work
Welcome to the third episode of The Compound & Friends, a new podcast from your favorite financial and investing commentators. This week, Michael Batnick, Douglas Boneparth and Downtown Josh Brown discuss: ►Reactions to the latest Fed meeting ►Wall Street returns to the office ►Parent PLUS loans are screwed ►Rising wages ►Health benefits of coffee ►Economic […]
Stocks making the biggest moves in the premarket: Adobe, Smith & Wesson, Orphazyme & more
Take a look at some of the biggest movers in the premarket: Adobe (ADBE) – Adobe reported quarterly profit of $3.03 per share, 21 cents a share above estimates. The software company’s revenue also topped Wall Street forecasts and Adobe gave stronger-than-expected current-quarter guidance. Its shares rose 3.1% in premarket trading. Smith & Wesson (SWBI) […]
Global wealth hits record in 2020 despite pandemic
Total global financial wealth soared by 8.3% in 2020 to a record £178 trillion despite predictions of a decline due to Covid-19, according to a new report by the Boston Consulting Group. Surging stock market performance and a spike in savings fuelled the wealth boom, according to analysis by the consultants. In the UK wealth […]
Wells Fargo names new head of private bank
Wells Fargo named Julie Caperton as the new head of its wealth management arm for high-net-worth clients. She succeeds Julia Wellborn, who left the company in April, as the head of Wells Fargo Private Bank. Caperton, a 19-year veteran at Wells Fargo and predecessor organizations, is currently the head of the company’s Banking, Lending & […]
A question for advisors: Who is John Brown?
The term “ally” has been bandied about incessantly since the racial protests of 2020. Admittedly, I have struggled with the term, not knowing when to apply it. What I’ve observed in recent months is that most of my white colleagues and peers are convenient allies. Their willingness to be allies on the issue of racial […]
Supreme Court lets health care law stand
The U.S. Supreme Court held on Thursday that several states and other plaintiffs that sued, asking the federal courts to declare unconstitutional the so-called individual mandate in the Patient Protection and Affordable Care Act (PPACA), P.L. 111-148, did not have standing to sue because they could not show that they had suffered or would suffer […]
VSCPA awards $59K in college accounting scholarships – Accounting Today
The Virginia Society of CPAs Educational Foundation announced its college scholarship recipients for the 2021–22 academic year. The foundation awarded a total of $59,250 in undergraduate, graduate and doctoral scholarships this year to 26 accounting college students across Virginia. The foundation also awarded a VSCPA Minority Scholarship this year, bringing the total number awarded to […]
ICYMI | When Will We Be Able to Breathe in Accounting? – The CPA Journal
“I can’t breathe.” Three words seared into the minds of Black and Brown people in the United States and the world over. We heard George Floyd say it, we heard Derrick Scott say it, and we saw with ghastly clarity Eric Garner utter the same words. These words resonate because to be Black or Brown […]